A RARE Ferrari 275 P is set to go on sale at auction and could be one of the most expensive cars ever sold. Here’s why it is so valuable.

Ferrari 275 P that won Le Mans twice set to go on sale for over £30 million (Image: SWNS)

A rare 1964 Ferrari 275 P could become one of the most expensive cars ever sold and attract a bid of over £30 million.

RM Sotheby’s, the auction house selling the car, has not revealed a guide price for the vehicle but independent Ferrari historian Marcel Massini estimates the car will make "at least" $40 MILLION. (£31.5m).

The reason this car is so valuable is because it won Le Mans outright on two separate occasions.

It was believed that the car had won Le Mans once but after extensive research was undertaken it was discovered that the car actually had won it the year prior aswell, but was registered with a different chassis number.

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This has elevated the car into an exclusive category of cars that have won the iconic race outright twice, which is a small group of vehicles.

RM Sotheby's, working with Ferrari Classiche, recently uncovered the true history about the car, known as 'chassis no. 0816'.

It will be on display in Monterey, California next month before it is sold privately.

The 275 P won Le Mans that year in the hands of Ludovico Scarfiotti and Lorenzo Bandini, with Jean Guichet and Nino Vaccarella driving the car to victory in France the following year.

The car was discovered to be the dual title winner recently (Image: SWNS)

In 1964 it was sold to Luigi Chinetti's NART racing team in the USA, where it was raced a handful of times.

Renowned collector Pierre Bardinon bought the car in 1970 and it remained in his world-famous Mas du Clos Collection in France until this year.

Incredibly, it has never been fully restored and it retains its matching-numbers engine, gearbox, and body.

Augustin Sabati-Garat, European auction manager & car specialist, RM Sotheby's, said: "This 275 P is without question the most historically important sports racing Ferrari campaigned by the Works team and we are tremendously honoured to offer the car for private sale on behalf of the Bardinon family.

RM Sotheby's will auction the car next month (Image: SWNS)

"As the pinnacle of the Scuderia works cars, the 275 P offers the perfect juxtaposition to the 250 GTO on offer in our Monterey auction - which represents the pinnacle of Ferrari's privateer GT cars.

"The other three 1963 Scuderia cars remain in long-held, significant private collections, and this is certainly the most important of the four built, making RM Sotheby's presentation of the 275 P truly a once-in-a-generation opportunity."

Until recently it was generally believed that a 275 P with chassis no.0814 has won the prestigious race in 1963.

This car had, however, recently had a crash at Nurburgring and was still being repaired before the race.

The car has never been fully restored and retains many original parts (Image: SWNS)

Instead of sending new paperwork for a replacement entry, Ferrari just entered the 0816 model under the 0814’s guise.